Search This Blog

Subscribe to this blog

Subscribe To Adhubbing.

Things you need to know in markets today

Here's what you need to know in markets today.
1. Apple has held talks with Visa about making its own pre-paid debit cards, Recode reported on Thursday. The pre-paid debit cards would tie into an unannounced service that would allow iPhone users to send money to each other digitally.

2. Swiss bank UBS kicked off 2017 with a 79% jump in net profit as a brighter outlook boosted its investment bank and client trading in its core wealth management business. Switzerland's biggest bank and the world's largest wealth manager said on Friday net profit for the first three months of 2017 was 1.3 billion Swiss francs (£1.01 billion), Reuters reports.

3. Marks & Spencer is to trial an online grocery shopping service this year, it said on Thursday, conceding it could no longer ignore the fastest growing segment of the market. For years M&S has resisted giving its customers the option of ordering food online for home delivery, saying it did not make economic sense for its offering, which is focused on the "food for tonight" market and tends to be small basket sizes.

4. Royal Bank of Scotland has reached a settlement with some of its shareholders over its controversial £12 billion rights issue in 2008, narrowing the outstanding legal claim against the lender to about £500 million. The Telegraph reports that the bank, which is 71% owned by the taxpayer, is scrambling to avoid a lengthy court battle with investors who claim they were misled about the lender’s financial health when it tapped them for cash, just months before its £45.5 billion bailout during the credit crunch.

5. UK GDP figures are coming. Preliminary estimates for first quarter GDP growth will be released by the ONS at 8.30 a.m. BST (3.30 a.m. ET). Economists are expecting growth of 2.2% compared to a year ago and growth of 0.4% on the previous quarter.

6. Anthony Levandowski, the head of Uber's self-driving group, is stepping aside in the face of trade-theft accusations from his former employer, Waymo. In an email obtained by Business Insider, Levandowski said he will no longer be working on Lidar, the specialized radar sensors that autonomous vehicles rely on to map their surroundings and to navigate on their own.

7. Google's parent company Alphabet beat earnings expectations on the top and bottom line for the first quarter. The stock was up more than 4% in after-hours trading.

8. Starbucks reported first-quarter earnings that showed profits in line with expectations but a miss on sales at stores open for at least one year. Comparable-store sales rose 3%, below analysts' forecast for 3.6%, according to Bloomberg.

9. US stocks finished Thursday little changed as the Trump administration creeps closer to the psychologically important 100-day mark on Saturday. The Dow and S&P 500 held flat, while the Nasdaq climbed a bit into the green to a new all-time high.

10. Asian stocks aren't up to much. Japan's Nikkei stock market is down 0.33% at the time of writing (6.25 a.m. BST/1.25 a.m. ET), the Hong Kong Hang Seng is down 0.27%, and China's Shanghai Composite index is down 0.39%.

Get link

Facebook

Twitter

Pinterest

Google+

Email

Other Apps

Popular Posts

International Air Transport Association (IATA), has announced global passenger traffic results for 2017, with Nigerian, South African, Ethiopian, and other African carriers pooling a 7.5 per cent rise in passenger traffic compared to 2016.

According to IATA, capacity rose at less than half the rate of demand (3.6 per cent), and load factor jumped 2.5 percentage points to 70.3 per cent. While indicators in South Africa are consistent with falling economic output, “Nigeria has returned to growth, helped by the recent rise in oil prices,” the association stated.

The African carriers, which accounts for 2.2 per cent of the global market share, showed marginal improvement when compared with other regions in the year under review.Global passenger traffic results show that demand (revenue passenger kilometres or RPKs) for the year ended 31 December rose 7.6 per cent compared to 2016.

This was well above the 10-year average annual growth rate of 5.5 per cent. While the rate of demand growth …

Hundreds of people gathered on Thursday in Cairo for a candlelight vigil for the 66 people killed last week when an EgyptAir plane crashed into the Mediterranean in mysterious circumstances (see HERE). See photos below;

Former vice president Atiku Abubakar yesterday received in audience a delegation of Republic of Niger led by its Minister of Agriculture Alh Albade Abouba at his Maitaima residence in Abuja. See photos below;

Sarah Imoleaya Ighidabo, a student in the Department of Library Science, Faculty of Education, Bayero UniversityKano (BUK), has ended her life by taking Sniper. She left a suicide note that read: “I will not apply for course suspension my academics is all I live for, if I can’t get it right, fuck existing.”
The Edo State indegene had failed an elective course in the Faculty of Science, after missing examinations and was made to repeat the course....